Question # 3: (10 points) A- There are various environmental factors that have Influences on the Development of Financial Reporting and on the development of accounting standards. List and explain four main influences? (5 points) B. When the International Accounting Standards Committee (IASC) was formed? What its main role? (1 point) C- The management's makes end year letter to the stockholders which have many objectives. What are the main objectives delivered? (2 points) D- What is the purpose of disseminating information on financial performance and operating results for periods of less than a year